Los Angeles Seeks Changes at Banks After Wells Fargo ScandalBy
Councilman introduces measure on responsible banking practices
Sales targets viewed as fueling creation of bogus accounts
Los Angeles Councilman Paul Koretz is introducing legislation that would require banks working with the second-largest U.S. city to adhere to responsible practices such as barring sales goals, which have been criticized for leading to the bogus account scandal at Wells Fargo & Co.
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